General Electric to cut 12,000 jobs in power business revamp

ZURICH/LAS VEGAS (Reuters) - General Electric Co said Thursday it is axing 12,000 jobs at its global power business, the struggling industrial conglomerate's latest effort to shrink itself into a more focused company.

ZURICH/LAS VEGAS (Reuters) - General Electric Co said Thursday it is axing 12,000 jobs at its global power business, the struggling industrial conglomerate's latest effort to shrink itself into a more focused company.